MEXICO CITY — Grupo TMM, the largest Latin American multi-modal transportation and logistics company and owner of the controlling interest in Mexico’s busiest railway, Grupo TFM, stated that it is aware that Kansas City Southern Industries, through its Mexican subsidiary, has commenced legal action in Mexico challenging certain resolutions adopted at the shareholder’s meeting of Grupo Transportacion Ferroviaria Mexicana, S.A. de C.V. (Grupo TFM) at the end of last year.
Neither Grupo TMM nor Grupo TFM has yet been served with any of the documents that were filed by KSU in Mexico. Romaldo Segovia, secretary to the board of Grupo TFM, stated, “All actions taken by Grupo TFM were in accordance with Mexican law and Grupo TFM’s governance documents.”
Headquartered in Mexico City, Grupo TMM is the premier Mexican multimodal transportation company and logistics provider. Through its branch offices and network of subsidiary companies, Grupo TMM provides a dynamic combination of ocean and land transportation services within Mexico. Grupo TMM also has the controlling interest in Transportacion Ferroviaria Mexicana (TFM), which operates Mexico’s Northeast railway and carries over 40 percent of the country’s rail cargo.